Bank of Hawaii (BOH) Expected to Post Earnings of $1.23 Per Share

Wall Street brokerages expect Bank of Hawaii (NYSE:BOH) to announce earnings of $1.23 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of Hawaii’s earnings. The lowest EPS estimate is $1.18 and the highest is $1.28. Bank of Hawaii reported earnings per share of $1.20 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The company is expected to issue its next earnings results before the market opens on Monday, April 23rd.

According to Zacks, analysts expect that Bank of Hawaii will report full-year earnings of $5.22 per share for the current year, with EPS estimates ranging from $4.90 to $5.35. For the next financial year, analysts forecast that the firm will report earnings of $5.64 per share, with EPS estimates ranging from $5.35 to $5.78. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Bank of Hawaii.

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Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.08). The company had revenue of $160.63 million during the quarter, compared to the consensus estimate of $162.90 million. Bank of Hawaii had a return on equity of 15.48% and a net margin of 26.80%. During the same period in the previous year, the company earned $1.02 earnings per share.



BOH has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Compass Point upgraded shares of Bank of Hawaii from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Morgan Stanley cut their price objective on shares of Bank of Hawaii from $88.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Piper Jaffray restated a “hold” rating and issued a $92.50 price objective on shares of Bank of Hawaii in a report on Tuesday, January 9th. Finally, Barclays upped their price objective on shares of Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $90.92.

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Bank of Hawaii by 17.8% in the fourth quarter. American Century Companies Inc. now owns 1,208,113 shares of the bank’s stock worth $103,535,000 after purchasing an additional 182,235 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Bank of Hawaii by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,036,874 shares of the bank’s stock worth $86,434,000 after purchasing an additional 6,490 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Bank of Hawaii in the fourth quarter worth approximately $51,080,000. Geode Capital Management LLC boosted its holdings in Bank of Hawaii by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 391,103 shares of the bank’s stock worth $33,517,000 after purchasing an additional 31,874 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Bank of Hawaii by 3.6% in the fourth quarter. First Trust Advisors LP now owns 297,293 shares of the bank’s stock worth $25,478,000 after purchasing an additional 10,400 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Shares of BOH opened at $82.98 on Friday. The stock has a market capitalization of $3,555.73, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. Bank of Hawaii has a fifty-two week low of $74.72 and a fifty-two week high of $89.09.

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Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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Earnings History and Estimates for Bank of Hawaii (NYSE:BOH)

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